Baron Wealthbuilder Correlations
| BWBTX Fund | USD 22.06 0.07 0.32% |
The current 90-days correlation between Baron Wealthbuilder and Needham Small Cap is 0.75 (i.e., Poor diversification). The correlation of Baron Wealthbuilder is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Baron Wealthbuilder Correlation With Market
Weak diversification
The correlation between Baron Wealthbuilder Fund and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Baron Wealthbuilder Fund and DJI in the same portfolio, assuming nothing else is changed.
Baron |
Moving together with Baron Mutual Fund
| 0.86 | BDAUX | Baron Durable Advantage | PairCorr |
| 0.87 | BFGUX | Baron Focused Growth | PairCorr |
| 0.95 | BFTUX | Baron Fifth Avenue | PairCorr |
| 0.88 | BIOUX | Baron Opportunity | PairCorr |
| 0.78 | BPTUX | Baron Partners | PairCorr |
| 0.68 | FSMMX | Fs Multi Strategy | PairCorr |
| 0.68 | OSPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.71 | DNFRX | Dunham Floating Rate | PairCorr |
Related Correlations Analysis
| 0.33 | 0.66 | 0.56 | 0.39 | 0.4 | 0.31 | NESGX | ||
| 0.33 | 0.73 | 0.85 | 0.95 | 0.97 | 0.94 | DFDSX | ||
| 0.66 | 0.73 | 0.91 | 0.64 | 0.63 | 0.78 | ASCGX | ||
| 0.56 | 0.85 | 0.91 | 0.83 | 0.82 | 0.92 | QUAIX | ||
| 0.39 | 0.95 | 0.64 | 0.83 | 0.99 | 0.91 | RRSVX | ||
| 0.4 | 0.97 | 0.63 | 0.82 | 0.99 | 0.9 | MMSCX | ||
| 0.31 | 0.94 | 0.78 | 0.92 | 0.91 | 0.9 | TVOYX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Baron Mutual Fund performing well and Baron Wealthbuilder Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Baron Wealthbuilder's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NESGX | 1.31 | 0.06 | 0.02 | 0.17 | 1.70 | 2.31 | 9.74 | |||
| DFDSX | 0.83 | (0.01) | (0.03) | 0.06 | 1.03 | 1.67 | 8.01 | |||
| ASCGX | 1.21 | 0.02 | 0.00 | 0.10 | 1.70 | 2.24 | 9.08 | |||
| QUAIX | 1.09 | 0.04 | 0.01 | 0.13 | 1.45 | 1.93 | 9.07 | |||
| RRSVX | 0.80 | 0.05 | 0.02 | 0.15 | 0.91 | 1.62 | 10.30 | |||
| MMSCX | 0.85 | 0.05 | 0.01 | 0.17 | 1.01 | 1.68 | 10.01 | |||
| TVOYX | 0.81 | 0.01 | (0.02) | 0.10 | 0.88 | 1.56 | 9.38 |